Question: CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NER Exercise 14-27 Bonita Corp. owes $258,000 to Windsor Trust. The debt is a 10-year, 124

 CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NER Exercise
14-27 Bonita Corp. owes $258,000 to Windsor Trust. The debt is a

CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NER Exercise 14-27 Bonita Corp. owes $258,000 to Windsor Trust. The debt is a 10-year, 124 note de December 31, 2020. Because Bonita Corp. is intencial trouble, Windsor Trust agrees to extend the maturity date to December 31, 2022, reduce the principal to $203,000, and reduce the interest rate to 7, payable annually on December 31. (a) Prepare the journal entries on Bonita's books on December 31, 2020 2021 2022. (b) Prepare the journal entries on Windsor Trust's books on December 31, 2020, 2021, 2022 ock there to factores (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to o decimal places eg. 58,971. If no entry is required, select "No Entry" for the account titles and enter for the amounts, Credit account titles are automatically indented when amount is entered. Do not indent manually.) Credit (a) Date Account Titles and Explanation Bonita Corr's 2020 2022 (b) Date Account Titles and Explanation Windsor Trust's 2020 gnment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCRE Debit Credit (b) Date Account Titles and Explanation Windsor Trust's 2020 2021 2022 (To record Interest Revenue) (To record maturity of Notes Receivable) Click if you would like to Show Work for this question: Open Show Work

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